REI Lense

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$5,229 (target)

3856 SW 11th Avenue, Okeechobee, FL 34974

3 beds • 2 baths • 1466 sqft

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This property could be a profitable Mid-Term investment with a projected 21.45% first-year return on $85,830 initial cash invested.

21.45%

Cash On Cash

12.42%

Cap Rate

2.09

DSCR

$5,229

Rent

$1,534

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,229 income − $3,695 expenses = $1,534 cash flow

Income$5,229Mortgage P&I$1,60031%Property Taxes$1623%Insurance$1563%Management$62712%CapEx$2094%Vacancy$1573%Maintenance$2094%Other$57511%Cash Flow$1,534

Investment Breakdown

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Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,830

Downpayment

20%

$64,600

Closing costs

1%

$3,230

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$5,229

Total Expenses

$3,695

Mortgage P&I

31%

$1,600

Property Taxes

3%

$162

Home Insurance

3%

$156

HOA

0%

$0

Property Management

12%

$627

CapEx

4%

$209

Vacancy

3%

$157

Maintenance

4%

$209

Other

11%

$575

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